TeamLease Q4 Review - Near-Term Impact To Be Manageable: Motilal Oswal
Start up workers in their office space. (Photographer: Andrew Harrer/Bloomberg)

TeamLease Q4 Review - Near-Term Impact To Be Manageable: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

TeamLease Services Ltd. delivered an in-line performance in Q4 FY21, with total revenue increasing 5% QoQ.

Revenue growth was led by the general staffing business (up 5.5% QoQ) - general staffing and National Employability Through Apprenticeship Programme trainee headcount increased by 16,000 (up 8% QoQ).

Margin in Q4 FY21 were stable, despite an impressive improvement in full time equivalent productivity (352 versus 334 in Q2), led by continued customer discounts.

It reported an adjusted profit after tax of Rs 268 million, implying a profit after tax margin (in line) of 2%.

Click on the attachment to read the full report:

Motilal Oswal Teamlease Q4FY21 Result Update.pdf

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